Ethereum News Today: BitMine's Underwater ETH Bet: High-Stakes Play on 2026 Bull Run

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Technologies spent $70M to buy 23,773 ETH, aiming to hold 5% of Ethereum's supply as part of its $10.48B treasury.

- CEO Tom Lee delayed Bitcoin's $250,000 all-time high prediction to January 2026, citing institutional liquidity constraints and equity market linkages.

- Analysts highlight Ethereum's high-beta potential and growing Layer 2 TVL as bullish factors ahead of Fed's December 2025 rate-cut expectations.

- Risks include potential ETH price drops to $15.5–$20 by year-end 2025 and institutional barriers, despite BitMine's 1.88% stock gain thesis tied to ETH rebounds.